World Institute Of Pain is located in Winstonsalem, NC. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Institute Of Pain is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, World Institute Of Pain generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF PAIN MANAGEMENT AND PAIN REDUCTION EDUCATION AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, WIP ENDORSED EDUCATIONAL PROGRAMS ORGANIZED BY FIPP MEMBERS ON PAIN MEDICINE WITH SPECIFIC EMPHASIS ON INTERVENTIONAL TECHNIQUES IN SAO PAULO, BRAZIL; CAIRO, EGYPT; ISTANBUL, TURKEY; TAIPEI, TAIWAN; AND BUDAPEST, HUNGARY. WIP CONTINUES TO OPERATE AS AN AUTONOMOUS ENTITY, INDEPENDENT OF ANY OTHER ORGANIZATION OR OUTSIDE INFLUENCE, TO FACILITATE THE GLOBAL EXCHANGE BETWEEN PHYSICIANS WHO SPECIALIZE IN PAIN MEDICINE AND SHARE A COMMITMENT TO THE ADVANCEMENT OF KNOWLEDGE AND CLINICAL AND SCIENTIFIC EXPERIENCE FOR THE BENEFIT OF ALL PHYSICIANS AND PATIENT BENEFICIARIES.
WIP PROVIDED "PAIN PRACTICE," A SCHOLARLY JOURNAL, TO ITS MEMBERS. SUBSCRIPTIONS ARE A MEMBER BENEFIT. APPROXIMATELY 12% OF SUBSCRIPTIONS WERE DISTRIBUTED CHARITABLY TO PHYSICIANS WHO PRACTICE IN UNDERDEVELOPED, DEVELOPING, AND EMERGING COUNTRIES. THESE COUNTRIES INCLUDE ARGENTINA, AZERBAIJAN, BANGLADESH, BOSNIA, BRAZIL, CHILE, CHINA, COLOMBIA, COSTA RICA, CROATIA, CZECH REPUBLIC, ECUADOR, ETHIOPIA, GEORGIA, GREECE, GUATEMALA, GUYANA, HONDURAS, HUNGARY, INDIA, INDONESIA, IRAN, IRAQ, JORDAN, KENYA, LATVIA, LITHUANIA, MALAWI, MALAYSIA, MAURITIUS, MEXICO, NAMIBIA, NIGERIA, PAKISTAN, PANAMA, PHILIPPINES, REPUBLIC OF GEORGIA, ROMANIA, RUSSIAN FEDERATION, SLOVAK REPUBLIC, SLOVENIA, SOUTH AFRICA, SRI LANKA, TANZANIA, THAILAND, TURKEY, UKRAINE, VENEZUELA, YUGOSLAVIA AND ZAMBIA.
WIP OFFERED PHYSICIAN SPECIALISTS IN PAIN MEDICINE THE OPPORTUNITY TO DEMONSTRATE COMPETENCY IN ADVANCED INTERVENTIONAL PAIN PRACTICE BY PARTICIPATING IN A MULTI-PART EXAM ADMINISTERED BY PEERS IN THE PROFESSION. SUCCESSFUL CANDIDATES WERE AWARDED CERTIFICATION AS FELLOWS OF INTERVENTIONAL PAIN PRACTICE (FIPP) AND CERTIFIED INTERVENTIONAL PAIN SONOLOGISTS (CIPS). SINCE THE INCEPTION OF THE EXAMINATION PROGRAM IN 2001, WIP AND ITS BOARD OF EXAMINATION HAS CERTIFIED 1,564 PHYSICIANS, REPRESENTING 66 MEMBER COUNTRIES. WIP'S FIPP AND CIPS CERTIFICATION EXAMINATIONS FOR PHYSICIANS ALLEVIATE DISPARITIES IN STANDARDS FOR PHYSICIAN EDUCATION IN THE SPECIALTY OF PAIN MANAGEMENT AND, THEREBY, IMPROVES PATIENT CARE OUTCOMES.
WIP HAS PRESENTED 25 AWARDS TO PAIN CENTERS QUALIFYING FOR AN EXCELLENCE IN PAIN PRACTICE (EPP) AWARD. THIS VOLUNTARY RECOGNITION PROGRAM REQUIRES INTERESTED PAIN CENTERS TO COMPLETE AN ELECTRONIC APPLICATION DESCRIBING THE CLINICAL AND SCHOLARLY ATTRIBUTES OF THE PAIN CENTER, AND TO SUBMIT TO A SITE VISIT BY A MEMBER OF WIP'S INSPECTOR'S PANEL. TO QUALIFY, THE PAIN CENTER ALSO HAD TO HAVE AT LEAST ONE FIPP MEMBER PRACTICING AT THE CENTER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dominic Hegarty President | OfficerTrustee | 2 | $0 |
Miles R Day President-Elect | OfficerTrustee | 1 | $0 |
Javier DE Andres Honorary Treasurer | OfficerTrustee | 1 | $0 |
Mert Akbas Honorary Secretary | OfficerTrustee | 1 | $0 |
Peter Staats Past President | Trustee | 1 | $0 |
Ricardo Ruiz-Lopez Founder | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $44,550 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $563,705 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $608,255 |
Total Program Service Revenue | $761,736 |
Investment income | $19 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $69,595 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,439,605 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $94,614 |
Compensation of current officers, directors, key employees. | $94,614 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,434 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,045 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $90 |
Fees for services: Accounting | $520 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,969 |
Office expenses | $161,974 |
Information technology | $9,720 |
Royalties | $0 |
Occupancy | $8,705 |
Travel | $321,812 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $166,706 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,392 |
Insurance | $0 |
All other expenses | $1 |
Total functional expenses | $1,062,827 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $385,057 |
Savings and temporary cash investments | $291,823 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,560 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $2,508 |
Net Land, buildings, and equipment | $2,332 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $695,280 |
Accounts payable and accrued expenses | $16,764 |
Grants payable | $0 |
Deferred revenue | $12,500 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $29,264 |
Net assets without donor restrictions | $666,016 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $695,280 |